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. ORDINANCE 89 - 6 AN ORDINANCE AMENDING CHAPER VII, LICENSING OF REGULATED BUSINESSES AND ACTIVITIES CREATING SECTION 724 - AN ORDINANCE LICENSING AND REGULATING PAWNBROKERS The City Council of the City of Elk River does ordain as follows: 724 - Pawnbrokers 724.00 - Definitions. Unless the context clearly indicates otherwise, the words, terms, and phrases as used in Section 724.00 et seq., shall have the meaning set forth in the following paragraphs: 1. Pawnbroker - Pawnbroker shall be any person who makes a business of lending money upon the security of personal property pledged or deposited in the pawnbroker's keeping, or who deals in the purchasing of personal property or other valuable things on condition of selling the same back at a stipulated price, or who loaned money secured by chattel mortgage on personal property, taking possession of the property or any part thereof so mortgaged. 2. Receive. Receive shall mean to purchase, accept for sale on consignment or take in pawn any second hand goods. . 724.02 - License Required. It shall be unlawful for any person to engage in or carryon the business of pawnbroker without first obtaining a license to carry on such business in compliance with the provisions of this Code. . 724.04 - Application. Any person, corporation, association, or other entity, either as principal or agent, desiring to engage in or carryon the business or occupation of a pawnbroker within the corporate limits of the City of Elk River shall file an application for a license for that purpose with the City Clerk, which application shall be made in writing at least twenty (20) days before issuance therof, wherein the application shall state his/her name, proposed place of business, length of proposed duration of license, a statement of whether or not the applicant has ever been convicted of any crime, or misdemeanor, and, if so, the nature of the offense and the punishment or penalty assessed therefore, and the names of at least two reliable property owners in the County of Sherburne, State of Minnesota, who will certify as to the applicant's good moral character and business responsibility. 724.06 - Fee and Term. Every person, corporation, association, or other entity requiring a license shall on or before the time for filing application for such license, pay to the City Treasurer of the City of Elk River, a fee fixed from time to time by resolution of the City Council. The license fee